State Bank of Toledo expanding in 2022

Newly hired State Bank of Toledo team members John Koshak and Tracy Hutcheson. -- Photos provided

State Bank of Toledo recently announced the addition of four new employees to the team of financial professionals serving Tama-Toledo and the surrounding areas. This month the bank is celebrating 95 years in business.

John Koshak serves as Lender and Assistant BSA Officer for the Bank. His expertise is in mortgage lending and consumer loans of all types. He is a Marshalltown native and most recently served as Branch Manager and Lender at Home Federal in Marshalltown. Koshak earned his bachelor’s degree in Economics from the University of Iowa. He and his wife Ashley reside in State Center.

Tracy Hutcheson brings 25 years of banking experience to our financial institution and previously served as Assistant Branch Manager and Lender at Home Federal in Marshalltown. At State Bank of Toledo Hutcheson assists in many capacities. She specializes in consumer lending and serves as Assistant BSA Officer. Hutcheson resides in Marshalltown with her husband Troy.

Stacey Froelich contributes her talents as a credit analyst and internal auditor for the bank. Froelich works with customer financials and interprets trend analysis. Froelich has worked in multiple areas of finance, most recently as the office manager for Thys Automotive in Belle Plaine. She and her husband Brent reside in rural Toledo and have two grown daughters: Kate and Abbi.

Eric Keller works in the Ag lending department of the bank. He serves as Assistant Ag Lender and works on a limited basis until his graduation from Iowa State University in December 2022. He will then be employed full-time by the bank. Eric is a Tama County native and lives in Gladbrook. He is active in ISU extension programs, his church, and serves on many local boards.

Eric Keller and Stacey Froelich are among a recent crop of new hires to join the State Bank of Toledo. -- Photos provided

“The bank is 27 employees strong and growing,” President and CEO John Kavalier said. “I am very proud of this team and how much each contributes every day to make sure our customers are well served. This effort is unmatched by any of our competitors and contributes to the success of our community.” This April the State Bank of Toledo will mark its 95th year in business.